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OECD slashes Korea's growth forecast to 1.8% for 2023

The Organization for Economic Cooperation and Development (OECD) lowered its growth forecast for Korea next year to 1.8 percent, Wednesday, down from its previous outlooks of 2.2 percent in September and 2.5 percent in June. The 2023 outlook for Asia s fourth-largest economy contrasts with a global economic growth forecast of 2.2 percent. The Paris-headquartered OECD assessed that the protracted war in Ukraine triggered the worst energy crisis since the 1970s, which in turn, is pushing prices up while slowing down economies around the world. ....

Yoon Suk Yeol , International Monetary Fund , National Assembly , Organization For Economic Cooperation , Economic Cooperation , Growth Outlook , 1 8 Percent , South Korea , North Korea , He Korea Times , Orea Times , Orean News In English ,